Two Emerging Market pairs for your radar screen

As you may know, the emerging market (EM) currencies have been crushed over the past year, some over the past two years. Some appear to be interesting setups now. Below are two: 1) EuroTurkish lira (EUR/TRY), and 2) US$-Brazilian real (USD/BRL)…you may want to place these on your radar screen for potential opportunities.

Some validation an intermediate-term high is in place may come on a break of the minor swing low at 2.5446…

EUR/TRY versus 1-yr Yield Turkey Benchmark: Yields began soaring coincidentally with the beginnin of government protest back in early June; which corresponded with concern over the possibility of "Fed Tapering." How much of thisstuff is "baked in the cake" as they say?

USD/BRL Daily: